Comment by pupppet
2 days ago
Yes thank you billionaires, if you hadn't vacuumed the wealth of a nation this could have been a government agency success. Why should we all benefit when one man can?
2 days ago
Yes thank you billionaires, if you hadn't vacuumed the wealth of a nation this could have been a government agency success. Why should we all benefit when one man can?
Wealth is not a zero-sum game. Musk and Bezos have generated insane amounts of wealth for the American economy. They're not hoarding dollar bills in some vault like Scrooge McDuck lol.
No indeed, it is not a zero-sum game, billionaires like Musk and Bezos have more money than Scrooge McDuck [0], the cartoon version of Greed. While their share of the global wealth is increasing by each year
"The richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today." Jan 16, 2023 [1]
[0] https://www.benzinga.com/news/21/11/23829868/elon-musk-is-ev... [1] https://www.oxfam.org/en/press-releases/richest-1-bag-nearly...
So? I don't think you are really making an argument. $42 trillion created, and by those same accounting rules they got the share that they created. There net worth is just the stock value x number of shares they have. Their wealth is directly correlated by how much value the market thinks their companies are worth.
This is not a problem for me.
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The sums spent on this are trivial to governments. California HSR costs much more than bringing a rocket to life. The annual cost of dialysis to the American government is many times what SpaceX or Blue Origin costs.
Any number of nations' governments could do this in a wealth perspective. And none have.
Of course they haven’t, how can they afford to compete with private companies? We’ve all decided that taxes are bad, there’s no money in a govt position.
They have a lot more money than private companies. California HSR alone costs ten times or more than the Starship program. Annually, the American government spends some three or four times as much as the Starship program on dialysis for 0.2% of the population. Money is in abundance for a government.
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